Bills vs Payments

There are two types of purchases within Akaunting: Bills vs Payments.

TL;DR

Bill is a planned and itemized document, Payment is an instant and simple expense.

Bills

Bill is a document received from your vendor that indicates the items (product or service) bought by you. It is generally not paid yet. You should use bills if you work with tax.

Payments

Payment is a paid expense transaction. It can be an independent record (i.e. food receipt) or attached to a bill. There are no items within the payments. Tax is not applicable.